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vancouver british columbia, March 4, 2024 /CNW/ – SKRR Exploration Inc. (TSXV: SKRR) (OTC: SKKRF) (FSE: B04Q) (“krona” or “company“) is a non-brokered private placement (“private placement“) Total gross revenue is up to $1,500,000 Consists of any combination of our units, priced at $0.10 per unit (“unit“) and the company's “flow-through” units (respectively, “F.T. unit“) at the price of $0.12 per FT unit.
Sherman DahlSKRR CEO commented:
“We look forward to completing this private financing and beginning exploration work with F3.” uranium Ltd. on Clearwater West uranium property. athabasca A tub. ”
Each Unit consists of one common share of the Company and one common stock acquisition warrant (each a “”).warrantEach FT Unit consists of one common share of the Company issued as a “flow-through share” of the Significant Minerals Exploration Tax Credit. income tax law (Canada) (Each,”F.T. shareEach stock acquisition right entitles the holder to purchase one share of our common stock at a price of one share. $0.15 3 years after the end of the private placement.
The Company intends to use the proceeds from the sale of FT stock for exploration work (including drilling) in the Clearwater West uranium field located at: saskatchewan and such costs incurred are intended to be eligible for the Significant Minerals Exploration Tax Credit (“CMETCThe Company intends to use the net proceeds from the Non-FT Shares for general corporate capital and working capital purposes.
SKRR has an option to acquire up to a 70% interest in the Clearwater West uranium property from F3 Uranium Corp. (TSXV:FUU). The uranium property is located approximately 20km outside the Edge and consists of three contiguous mineral holdings totaling 11,786 hectares.southwest area of athabasca A tub. Subject to the completion of the private placement, F3 will serve as the operator of this exploration program at the Clearwater West uranium property.
raymond ashleyPresident and Director of F3 Uranium, commented:
“We are excited to return to Clearwater West in the near future to resume exploration. Work permits are already in hand for initial surface geophysical work and drilling. Ground geophysical work is considering defining additional drilling targets in untested conductors to add to future training-ready targets defined from previous work on the facility. There is a tendency. ”
The private placement is subject to TSX Venture Exchange approval. All securities issued in the Private Placement are subject to a four-month hold period in accordance with applicable securities laws and the policies of the TSX Venture Exchange. Finder fees may be paid in connection with the Private Placement, all in accordance with TSX Venture Exchange policies and applicable securities laws.
About SKRR Exploration Inc.:
SKRR is a Canadian-based precious and base metals exploration company. saskatchewan – One of the highest ranked mining jurisdictions in the world. The primary focus of exploration is the Trans-Hudson Corridor. saskatchewan Searching for world-class uranium, precious and base metal deposits. Trans-Hudson Orogen – Geologically very well known but little explored in the world. saskatchewan. SKRR is committed to all its stakeholders, including its shareholders, all partners, and the environment in which SKRR operates.
on behalf of the board of directors
Sherman Dahl
President and CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. . united states of america. This security has not been and will not be registered under the United States Securities Act of 1933, as amended (“1933 Act“) or state securities laws and may not be offered or sold: US A United States Person (as defined in Regulation S under the 1933 Act), unless registered under the 1933 Act and applicable state securities laws, or unless an exemption from such registration requirements is available. or for the account or benefit of any U.S. person.
Forward-looking information
This news release contains “forward-looking information or statements” within the meaning of applicable securities laws, including statements regarding the private placement and the use of proceeds and other technical, financial and business matters. This includes, but is not limited to, descriptions of. About company prospects, projects, etc. All statements in this news release, other than statements of historical fact, refer to events or developments that the Company expects to occur and are forward-looking statements. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ from those in the forward-looking statements. The content may differ significantly. Such statements and information are based on a number of assumptions regarding our current and future business strategies and the environment in which we will operate in the future, including the price of metals, our ability to achieve our goals, and our ability to retain equipment and personnel to carry them. . These include that general business and economic conditions will not change materially and adversely and that financing will be available, if needed, on reasonable terms. Such forward-looking information reflects the Company's views regarding future events and is subject to risks, including risks and uncertainties associated with the interpretation of exploration results, the interpretation of technical and scientific data, and inherent data. Subject to uncertainties and assumptions. uncertainties in exploration, development, cost estimates and the possibility of unanticipated costs and expenses (including those listed in our Company Profile on SEDAR at www.sedarplus.ca); Future exploration, development or mining results may not meet our expectations. Factors that could cause actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, general economic, market or business conditions, adverse weather or climatic conditions, changes in the price of gold, etc. including, but not limited to, declines. , uranium and other metals, equipment failure or failure to obtain necessary equipment, failure to maintain or obtain all necessary governmental permits, licenses and approvals, Covid-19 or any other virus or disease that may affect the Company's operations. impact on capacity, maintain acceptance by communities (including indigenous peoples), and avoid increased costs, litigation, and non-performance of contractual obligations by trading partners. We undertake no obligation to update any forward-looking statements or forward-looking information, except as required by law.
SOURCE SKRR Exploration INC.
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